SkyWater Technology, LLC (SKYT) SkyWater Technology, Inc., alongside its subsidiaries, operates within the semiconductor sector, providing both development and fabrication services for microelectronic components. The company collaborates closely with clients, offering extensive engineering and process design support to co-create advanced technologies. Furthermore, it undertakes the manufacturing of various silicon-based devices, including analog and mixed-signal integrated circuits, discrete power components, microelectromechanical systems (MEMS), and radiation-hardened chips. Its clientele spans a diverse array of industries such as computing, aerospace and defense, automotive, bio-health, consumer electronics, and industrial Internet of Things (IoT) applications. Established in 2017, the firm's main offices are located in Bloomington, Minnesota.
Sector: Semiconductors & Related Devices
Industry: Semiconductors
SkyWater Technology, Inc. NASDAQ:SKYT Technology · Semiconductors
All Press Release SEC Filings News
News
IonQ Investor Day Unveils Superion Roadmap, SkyWater-Powered Growth Strategy
marketbeat.com • 1mo ago Press Release
SkyWater Technology and Qolab Announces Midwest Commercial Foundry Partnership for Superconducting Quantum Devices
businesswire.com • 1mo ago SEC Filing ● Major ⚠ 3
SKYT: 15-12G · delisting
SkyWater Technology, LLC filed a Form 15 on August 10, 2026 to deregister its common stock under Section 12(g) of the Exchange Act and suspend its duty to file reports under Sections 13 and 15(d). The company relied on Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i), reporting only one holder of record as of the certification date.
With just a single holder of record and the registrant now structured as an LLC, the filing indicates SkyWater has effectively completed a going-private transaction, ending public ownership of SKYT common stock.
Once the Form 15 becomes effective, SkyWater will cease filing periodic reports with the SEC, making this the terminal public disclosure for the ticker. The company sheds the costs and obligations of public-company status, but public-market visibility into its operations ends with it.
SEC 15-12G • 2mo ago SEC Filing ● Critical ⚠ 5
SKYT: 10-Q · periodic report
IonQ completed its acquisition of SkyWater on July 31, 2026, with each SkyWater share converting into $15.00 in cash plus 0.4883 shares of IonQ common stock. Nasdaq halted trading in SKYT before the open that day, and the company — now renamed SkyWater Technology, LLC — intends to file Form 25 and Form 15 to delist and deregister, surviving as a wholly owned IonQ subsidiary.
The final standalone quarter showed sharp growth: Q2 2026 revenue rose 165% year over year to $156.4 million, driven by an $87.4 million contribution from the Fab 25 fab acquisition in Austin, Texas and a $30.0 million increase in advanced compute, including onboarding of a significant quantum computing program. Operating income turned positive at $1.9 million, adjusted EBITDA reached $28.7 million, and the net loss attributable to SkyWater narrowed to $6.4 million from $10.0 million.
Offsets remain meaningful: aerospace and defense revenue fell $20.5 million in Q2 as two programs on stop-work proceed toward termination for convenience in 2026, two customers together made up 72% of revenue, and one customer accounted for 65% of accounts receivable. Cash declined to $12.6 million from $23.2 million, though the $192.3 million revolver balance at 8.0% was repaid and the Siena facility terminated at merger close.
SEC 10-Q • 2mo ago AI analysis › News
SkyWater Technology (SKYT) Moves 6.2% Higher: Will This Strength Last?
zacks.com • 2mo ago SEC Filing ● Critical ⚠ 2
SKYT: 25-NSE · delisting
SkyWater Technology, Inc. has filed a Form 25-NSE, notifying the SEC of the removal of its securities from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. This filing initiates the formal process to delist the company's stock from its current exchange.
Delisting typically results in reduced liquidity and market visibility for shareholders, often forcing trading to move to over-the-counter (OTC) markets. This action is usually taken due to failure to meet exchange listing standards or as a strategic decision by the company following a significant corporate event such as going private or bankruptcy.
SEC 25-NSE • 2mo ago Press Release ● Critical
IonQ Completes Acquisition of SkyWater Technology
IonQ completed its acquisition of SkyWater Technology, establishing the only vertically integrated full-stack quantum platform company.
Under the transaction terms, SkyWater shareholders received $15.00 in cash and 0.4883 shares of IonQ common stock for each share held at closing.
SkyWater will continue to operate as a U.S.-based semiconductor foundry subsidiary, with CEO Thomas Sonderman reporting to IonQ leadership.
• 2mo ago AI analysis › News
SkyWater Technology, Inc. (SKYT) Declines More Than Market: Some Information for Investors
zacks.com • 2mo ago News
SkyWater Technology, Inc. (SKYT) Stock Slides as Market Rises: Facts to Know Before You Trade
zacks.com • 2mo ago Press Release ● Critical
IonQ Receives Regulatory Approval to Complete Acquisition of SkyWater Technology
IonQ received final regulatory approval to acquire SkyWater Technology, clearing the path to close the transaction announced in January.
The acquisition is expected to close on Friday, July 31, 2026, creating a vertically integrated full-stack quantum platform with SkyWater operating as a wholly-owned subsidiary.
The combined company plans to hold its second quarter earnings call on August 5, 2026, followed by an investor day in the third quarter.
• 2mo ago AI analysis › News
Investors Heavily Search SkyWater Technology, Inc. (SKYT): Here is What You Need to Know
zacks.com • 3mo ago News
SkyWater Technology, Inc. (SKYT) Laps the Stock Market: Here's Why
zacks.com • 3mo ago News
SkyWater Technology, Inc. (SKYT) Dips More Than Broader Market: What You Should Know
zacks.com • 3mo ago News
SkyWater Technology, Inc. (SKYT) Stock Drops Despite Market Gains: Important Facts to Note
zacks.com • 3mo ago News
SkyWater Technology, Inc. (SKYT) is Attracting Investor Attention: Here is What You Should Know
zacks.com • 3mo ago News
SkyWater Technology, Inc. (SKYT) Suffers a Larger Drop Than the General Market: Key Insights
zacks.com • 3mo ago News
SkyWater Technology, Inc. (SKYT) Rises Higher Than Market: Key Facts
zacks.com • 3mo ago News
SkyWater Technology, Inc. (SKYT) Is a Trending Stock: Facts to Know Before Betting on It
zacks.com • 3mo ago News
SkyWater Technology, Inc. (SKYT) Dips More Than Broader Market: What You Should Know
zacks.com • 4mo ago News
Why SkyWater Technology, Inc. (SKYT) Outpaced the Stock Market Today
zacks.com • 4mo ago SEC Filing ⚠ 1
SKYT: 8-K · proxy statement
SkyWater Technology held its annual meeting of stockholders on June 10, 2026, voting on the election of directors and the ratification of its independent auditor.
Nine directors were elected to serve until the 2027 annual meeting, including CEO Thomas Sonderman. While most nominees received broad support, Director Dennis J. Goetz received approximately 41% of votes withheld, signaling notable shareholder dissent.
Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for fiscal 2026.
SEC 8-K • 4mo ago SEC Filing ⚠ 3
SKYT: DEF 14A · proxy statement
SkyWater Technology, Inc. has filed a definitive proxy statement for its 2026 annual meeting of stockholders, scheduled to be held virtually on June 10, 2026. The primary agenda items include the election of nine director nominees and the ratification of KPMG LLP as the independent registered public accounting firm for fiscal 2026.
The proxy statement details the background and qualifications of the nine director nominees, which include Chair Timothy E. Baxter and CEO Thomas Sonderman. Notably, the company disclosed a pending merger with IonQ, Inc., stating that if the merger closes before the annual meeting, the meeting will be cancelled as SkyWater's common stock will no longer be outstanding.
The filing also highlights compensation recovery actions taken following a 2025 error correction related to revenue overbilling. The company recovered $14,350 in erroneously awarded incentive-based compensation from certain officers after determining that a restatement occurred under its compensation recovery policy.
SEC DEF 14A • 5mo ago 3 law-firm class-action alerts 3 fund position changes (13F filings)